JPMorgan Chase & Co. decreased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,011,762 shares of the business services provider’s stock after selling 291,624 shares during the quarter. JPMorgan Chase & Co. owned 2.38% of Morningstar worth $85,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Great West Life Assurance Co. Can lifted its position in Morningstar by 75.4% during the third quarter. Great West Life Assurance Co. Can now owns 2,725 shares of the business services provider’s stock worth $231,000 after purchasing an additional 1,171 shares during the period. Golden Gate Private Equity Inc. raised its stake in Morningstar by 4.5% during the third quarter. Golden Gate Private Equity Inc. now owns 64,300 shares of the business services provider’s stock worth $5,465,000 after acquiring an additional 2,750 shares in the last quarter. SG Americas Securities LLC acquired a new position in Morningstar during the third quarter worth about $128,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Morningstar by 81.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 712,933 shares of the business services provider’s stock worth $60,592,000 after acquiring an additional 320,835 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Morningstar by 30.3% during the third quarter. Russell Investments Group Ltd. now owns 127,784 shares of the business services provider’s stock worth $10,860,000 after acquiring an additional 29,743 shares in the last quarter. 38.65% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jack Noonan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $85.46, for a total value of $1,709,200.00. Following the completion of the transaction, the director now owns 3,344 shares of the company’s stock, valued at $285,778.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gail S. Landis sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $85.00, for a total value of $42,500.00. Following the completion of the transaction, the director now directly owns 7,381 shares of the company’s stock, valued at approximately $627,385. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,500 shares of company stock valued at $2,024,825. Insiders own 57.40% of the company’s stock.

Morningstar, Inc. (MORN) opened at $93.28 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $3,913.16, a PE ratio of 34.99 and a beta of 0.78. Morningstar, Inc. has a 52 week low of $68.43 and a 52 week high of $94.79.

Separately, BidaskClub raised Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th.

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Morningstar Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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